Redfin | RDFN | Long at $8.64
Redfin NASDAQ:RDFN. Yes, housing is starting to finally slide as mortgage rates remain high, housing inventory increases, and pending sales drop. I can see an argument to wait to enter 
RDFN and I can't truly argue against it for 2025 (a dip is possible into the $4's if things really take a bad turn). But what I like about Redfin is they do not invest in homes where there is substantial risk during a housing pause or downturn. They purely make money through real estate services (brokerage and marketing), subscription services for listings, mortgage services (fees and interest), and other services.
When mortgage rates drop, the housing market will shift rapidly - which is honestly going to be a big problem in the long-term as the desperate buyer grabs a 4-5% mortgage (vs the current 6.5%-7%) for the "deal" on a home they can't truly afford...
During this eventual shift, Redfin and Zillow
Z will do well. It's just a matter of
"when" will it occur. At $8.64,RDFN is in a personal buy zone. If the price dips further after earnings, I will be accumulating more shares (unless the company is crumbling).
Targets into 2027:
RDFN and I can't truly argue against it for 2025 (a dip is possible into the $4's if things really take a bad turn). But what I like about Redfin is they do not invest in homes where there is substantial risk during a housing pause or downturn. They purely make money through real estate services (brokerage and marketing), subscription services for listings, mortgage services (fees and interest), and other services.When mortgage rates drop, the housing market will shift rapidly - which is honestly going to be a big problem in the long-term as the desperate buyer grabs a 4-5% mortgage (vs the current 6.5%-7%) for the "deal" on a home they can't truly afford...
During this eventual shift, Redfin and Zillow
Z will do well. It's just a matter of "when" will it occur. At $8.64,
RDFN is in a personal buy zone. If the price dips further after earnings, I will be accumulating more shares (unless the company is crumbling).Targets into 2027:
- $11.00
- $15.00
- $20.00
- $25.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.